brown & brown insurance brokers (uk) limited
brown & brown insurance brokers (uk) limited Company Information
Company Number
09850559
Next Accounts
Sep 2025
Shareholders
brown & brown retail holdco (europe) limited
Group Structure
View All
Industry
Activities of insurance agents and brokers
Registered Address
7th floor corn exchange, 55 mark lane, london, EC3R 7NE
Website
www.grpgroup.co.ukbrown & brown insurance brokers (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BROWN & BROWN INSURANCE BROKERS (UK) LIMITED at £87.2m based on a Turnover of £52.3m and 1.67x industry multiple (adjusted for size and gross margin).
brown & brown insurance brokers (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BROWN & BROWN INSURANCE BROKERS (UK) LIMITED at £208.5m based on an EBITDA of £22.4m and a 9.31x industry multiple (adjusted for size and gross margin).
brown & brown insurance brokers (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BROWN & BROWN INSURANCE BROKERS (UK) LIMITED at £40.3m based on Net Assets of £23.5m and 1.72x industry multiple (adjusted for liquidity).
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Brown & Brown Insurance Brokers (uk) Limited Overview
Brown & Brown Insurance Brokers (uk) Limited is a live company located in london, EC3R 7NE with a Companies House number of 09850559. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in October 2015, it's largest shareholder is brown & brown retail holdco (europe) limited with a 100% stake. Brown & Brown Insurance Brokers (uk) Limited is a established, large sized company, Pomanda has estimated its turnover at £52.3m with rapid growth in recent years.
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Brown & Brown Insurance Brokers (uk) Limited Health Check
Pomanda's financial health check has awarded Brown & Brown Insurance Brokers (Uk) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
4 Weak
Size
annual sales of £52.3m, make it larger than the average company (£3m)
£52.3m - Brown & Brown Insurance Brokers (uk) Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 205%, show it is growing at a faster rate (6.8%)
205% - Brown & Brown Insurance Brokers (uk) Limited
6.8% - Industry AVG
Production
with a gross margin of 60.8%, this company has a higher cost of product (95%)
60.8% - Brown & Brown Insurance Brokers (uk) Limited
95% - Industry AVG
Profitability
an operating margin of 41.8% make it more profitable than the average company (19.6%)
41.8% - Brown & Brown Insurance Brokers (uk) Limited
19.6% - Industry AVG
Employees
with 208 employees, this is above the industry average (19)
208 - Brown & Brown Insurance Brokers (uk) Limited
19 - Industry AVG
Pay Structure
on an average salary of £106.6k, the company has a higher pay structure (£52.4k)
£106.6k - Brown & Brown Insurance Brokers (uk) Limited
£52.4k - Industry AVG
Efficiency
resulting in sales per employee of £251.7k, this is more efficient (£126.4k)
£251.7k - Brown & Brown Insurance Brokers (uk) Limited
£126.4k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is earlier than average (73 days)
42 days - Brown & Brown Insurance Brokers (uk) Limited
73 days - Industry AVG
Creditor Days
its suppliers are paid after 333 days, this is slower than average (150 days)
333 days - Brown & Brown Insurance Brokers (uk) Limited
150 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Brown & Brown Insurance Brokers (uk) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is less cash available to meet short term requirements (33 weeks)
17 weeks - Brown & Brown Insurance Brokers (uk) Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.8%, this is a higher level of debt than the average (58.1%)
75.8% - Brown & Brown Insurance Brokers (uk) Limited
58.1% - Industry AVG
BROWN & BROWN INSURANCE BROKERS (UK) LIMITED financials
Brown & Brown Insurance Brokers (Uk) Limited's latest turnover from December 2023 is £52.3 million and the company has net assets of £23.5 million. According to their latest financial statements, Brown & Brown Insurance Brokers (Uk) Limited has 208 employees and maintains cash reserves of £24.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 52,344,129 | 6,671,537 | 2,263,650 | 2,005,257 | 1,846,733 | 1,554,284 | 519,620 | 44,228 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | 21,856,994 | 2,760,439 | 777,303 | 643,073 | 402,065 | 188,013 | -557,700 | -737,613 |
| Interest Payable | 1,368 | 29,442 | 3,563 | |||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | 21,856,994 | 2,759,071 | 768,053 | 645,173 | 402,065 | 161,655 | -597,144 | -741,176 |
| Tax | -3,415,110 | -152,285 | -125,971 | -66,236 | -44,870 | -20,343 | 138,427 | -275 |
| Profit After Tax | 18,441,884 | 2,606,786 | 642,082 | 578,937 | 357,195 | 141,312 | -458,717 | -741,451 |
| Dividends Paid | ||||||||
| Retained Profit | 18,441,884 | 2,606,786 | 642,082 | 578,937 | 357,195 | 141,312 | -458,717 | -741,451 |
| Employee Costs | 22,172,447 | 2,929,112 | 1,102,979 | 1,007,402 | 1,008,095 | 939,638 | 789,791 | 541,650 |
| Number Of Employees | 208 | 98 | 19 | 20 | 19 | 21 | 11 | 11 |
| EBITDA* | 22,395,563 | 2,849,116 | 782,763 | 650,972 | 414,661 | 203,066 | -546,947 | -733,616 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 313,214 | 195,137 | 12,802 | 5,008 | 8,013 | 12,831 | 21,249 | 24,269 |
| Intangible Assets | 1,461,304 | 1,457,830 | 8,086 | 381 | 1,716 | 6,238 | 12,204 | 16,069 |
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 1,774,518 | 1,652,967 | 20,888 | 5,389 | 9,729 | 19,069 | 33,453 | 40,338 |
| Stock & work in progress | ||||||||
| Trade Debtors | 6,150,381 | 3,711,598 | 182,600 | 133,946 | 160,225 | 56,959 | 292,491 | 8,782 |
| Group Debtors | 62,535,888 | 2,294,797 | 2,124,472 | 1,614,473 | 954,690 | 581,438 | 150,609 | 315,095 |
| Misc Debtors | 2,001,323 | 452,208 | 93,609 | 101,134 | 125,183 | 90,083 | 152,773 | 22,312 |
| Cash | 24,513,623 | 7,631,312 | 693,345 | 556,381 | 521,590 | 486,377 | 589,686 | 226,242 |
| misc current assets | ||||||||
| total current assets | 95,201,215 | 14,089,915 | 3,094,026 | 2,405,934 | 1,761,688 | 1,214,857 | 1,185,559 | 572,431 |
| total assets | 96,975,733 | 15,742,882 | 3,114,914 | 2,411,323 | 1,771,417 | 1,233,926 | 1,219,012 | 612,769 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 18,779,321 | 7,216,604 | 436,278 | 321,435 | 244,103 | 234,764 | 393,212 | 17,305 |
| Group/Directors Accounts | 46,557,513 | 2,931,468 | 396,351 | 377,031 | 358,738 | 353,342 | 326,007 | 1,013,563 |
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 8,167,074 | 875,669 | 178,804 | 251,458 | 286,114 | 120,550 | 115,835 | 23,352 |
| total current liabilities | 73,503,908 | 11,023,741 | 1,011,433 | 949,924 | 888,955 | 708,656 | 835,054 | 1,054,220 |
| loans | ||||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | ||||||||
| total long term liabilities | ||||||||
| total liabilities | 73,503,908 | 11,023,741 | 1,011,433 | 949,924 | 888,955 | 708,656 | 835,054 | 1,054,220 |
| net assets | 23,471,825 | 4,719,141 | 2,103,481 | 1,461,399 | 882,462 | 525,270 | 383,958 | -441,451 |
| total shareholders funds | 23,471,825 | 4,719,141 | 2,103,481 | 1,461,399 | 882,462 | 525,270 | 383,958 | -441,451 |
| Dec 2023 | Dec 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 21,856,994 | 2,760,439 | 777,303 | 643,073 | 402,065 | 188,013 | -557,700 | -737,613 |
| Depreciation | 270,758 | 16,344 | 3,308 | 6,106 | 8,561 | 9,452 | 6,655 | 2,213 |
| Amortisation | 267,811 | 72,333 | 2,152 | 1,793 | 4,035 | 5,601 | 4,098 | 1,784 |
| Tax | -3,415,110 | -152,285 | -125,971 | -66,236 | -44,870 | -20,343 | 138,427 | -275 |
| Stock | ||||||||
| Debtors | 64,228,989 | 4,609,050 | 551,128 | 609,455 | 511,618 | 132,607 | 249,684 | 346,189 |
| Creditors | 11,562,717 | 6,895,169 | 114,843 | 77,332 | 9,339 | -158,448 | 375,907 | 17,305 |
| Accruals and Deferred Income | 7,291,405 | 624,211 | -72,654 | -34,656 | 165,564 | 4,715 | 92,483 | 23,352 |
| Deferred Taxes & Provisions | ||||||||
| Cash flow from operations | -26,394,414 | 5,607,161 | 147,853 | 17,957 | 33,076 | -103,617 | -189,814 | -1,039,423 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | 43,626,045 | 2,554,437 | 19,320 | 18,293 | 5,396 | 27,335 | -687,556 | 1,013,563 |
| Other Short Term Loans | ||||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | -1,368 | -29,442 | -3,563 | |||||
| cash flow from financing | 43,936,845 | 3,204,025 | 19,320 | 18,293 | 5,393 | 27,335 | 567,128 | 1,310,000 |
| cash and cash equivalents | ||||||||
| cash | 16,882,311 | 7,074,931 | 136,964 | 34,791 | 35,213 | -103,309 | 363,444 | 226,242 |
| overdraft | ||||||||
| change in cash | 16,882,311 | 7,074,931 | 136,964 | 34,791 | 35,213 | -103,309 | 363,444 | 226,242 |
brown & brown insurance brokers (uk) limited Credit Report and Business Information
Brown & Brown Insurance Brokers (uk) Limited Competitor Analysis
Perform a competitor analysis for brown & brown insurance brokers (uk) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC3R area or any other competitors across 12 key performance metrics.
brown & brown insurance brokers (uk) limited Ownership
BROWN & BROWN INSURANCE BROKERS (UK) LIMITED group structure
Brown & Brown Insurance Brokers (Uk) Limited has 1 subsidiary company.
Ultimate parent company
2 parents
BROWN & BROWN INSURANCE BROKERS (UK) LIMITED
09850559
1 subsidiary
brown & brown insurance brokers (uk) limited directors
Brown & Brown Insurance Brokers (Uk) Limited currently has 8 directors. The longest serving directors include Mr Neil Thornton (Dec 2017) and Mr Stuart Grieb (Aug 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Thornton | England | 58 years | Dec 2017 | - | Director |
| Mr Stuart Grieb | England | 50 years | Aug 2022 | - | Director |
| Mr Michael Bruce | England | 62 years | Apr 2023 | - | Director |
| Brittany Cargile | England | 38 years | Nov 2023 | - | Director |
| Mrs Carolyn Callan | England | 54 years | Jan 2024 | - | Director |
| Mr Maurice Boyd | England | 55 years | Jul 2024 | - | Director |
| Mr Matthew Hartigan | England | 51 years | Dec 2024 | - | Director |
| Mr Alastair Christopherson | England | 56 years | Dec 2024 | - | Director |
P&L
December 2023turnover
52.3m
+685%
operating profit
21.9m
+692%
gross margin
60.8%
-1.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
23.5m
+3.97%
total assets
97m
+5.16%
cash
24.5m
+2.21%
net assets
Total assets minus all liabilities
brown & brown insurance brokers (uk) limited company details
company number
09850559
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
October 2015
age
10
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
grp retail limited (September 2023)
accountant
-
auditor
-
address
7th floor corn exchange, 55 mark lane, london, EC3R 7NE
Bank
-
Legal Advisor
-
brown & brown insurance brokers (uk) limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to brown & brown insurance brokers (uk) limited.
brown & brown insurance brokers (uk) limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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brown & brown insurance brokers (uk) limited Companies House Filings - See Documents
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